Kenya Real Estate Market Overview
Q1 2024 market statistics and trends
Average Sale Price
Ksh 14,200,000
5.2%
Average Rental Price
Ksh 88,000/mo
YoY Growth Rate
6.8%
Total Listings
3,100
Price Trends
Average sale and rental prices over the last 5 quarters
Growth Rate
Year-over-year growth rate over the last 5 quarters
Market Analysis
Key insights from Q1 2024
The Kenyan real estate market continues to show resilience with a steady growth rate of 6.8% year-over-year. Property prices have increased by 5.2% compared to the previous quarter, indicating a strengthening market.
With 3,100 active listings and 1,050 completed sales in Q1 2024, the market shows healthy activity levels. The average price per square meter stands at Ksh 142,000, providing a useful benchmark for property valuation.
Rental yields remain attractive for investors, with the average rental price of Ksh 88,000 per month offering good returns on investment, especially in high-demand urban areas.